Analysts Expect Alamo Group, Inc. (NYSE:ALG) Will Post Earnings of $1.61 Per Share

Brokerages expect that Alamo Group, Inc. (NYSE:ALG) will announce $1.61 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Alamo Group’s earnings. Alamo Group reported earnings of $1.38 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 16.7%. The firm is expected to announce its next earnings results on Thursday, February 27th.

According to Zacks, analysts expect that Alamo Group will report full-year earnings of $6.24 per share for the current financial year. For the next fiscal year, analysts forecast that the business will report earnings of $8.08 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Alamo Group.

Alamo Group (NYSE:ALG) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $1.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.88 by ($0.34). The business had revenue of $271.83 million during the quarter. Alamo Group had a return on equity of 13.07% and a net margin of 6.50%.

Several research firms have commented on ALG. Sidoti boosted their price target on shares of Alamo Group from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Zacks Investment Research downgraded shares of Alamo Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. Finally, Dougherty & Co downgraded shares of Alamo Group from a “buy” rating to a “neutral” rating in a research note on Sunday, November 3rd.

Shares of NYSE:ALG traded up $0.63 during trading on Monday, hitting $112.04. The company’s stock had a trading volume of 71,480 shares, compared to its average volume of 77,544. The business has a 50 day moving average price of $115.79 and a two-hundred day moving average price of $107.14. The company has a market capitalization of $1.33 billion, a PE ratio of 18.77, a P/E/G ratio of 1.80 and a beta of 0.72. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.65 and a current ratio of 4.36. Alamo Group has a fifty-two week low of $72.50 and a fifty-two week high of $129.93.

The company also recently announced a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 15th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, October 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.43%. Alamo Group’s payout ratio is currently 8.04%.

Hedge funds have recently modified their holdings of the stock. Huntington National Bank grew its stake in shares of Alamo Group by 101.5% during the second quarter. Huntington National Bank now owns 522 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 263 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Alamo Group during the second quarter worth $76,000. Quantamental Technologies LLC acquired a new position in shares of Alamo Group during the second quarter worth $80,000. Point72 Hong Kong Ltd grew its stake in shares of Alamo Group by 10,133.3% during the second quarter. Point72 Hong Kong Ltd now owns 921 shares of the industrial products company’s stock worth $92,000 after purchasing an additional 912 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Alamo Group by 345.4% during the second quarter. Bank of Montreal Can now owns 1,060 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 822 shares in the last quarter. Hedge funds and other institutional investors own 92.89% of the company’s stock.

About Alamo Group

Alamo Group Inc designs, manufactures, distributes, and services agricultural and infrastructure maintenance equipment for governmental and industrial use worldwide. The company offers hydraulically-powered and tractor-mounted mowers, including boom-mounted mowers; other cutters and replacement parts for heavy-duty and intensive uses; and heavy duty, tractor- and truck-mounted mowing, and vegetation maintenance equipment and replacement parts.

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